Donald Rumsfeld referred to Europe as “Old Europe” years ago in a speech and its something that has stuck in the back of my mind ever since. Population demographics of a country is tremendously important for the growth of a country and this is why SE Asia is still a fantastic place to be investment wise for the next 10-20 years, as I walk between the office and cafes/restaurants, I notice the average age of restaurant goers here are 60+, definitely not a good sign for the long term growth of Belgium nor most of Western Europe for that matter, this makes me curious as to how Russia looks when I’m there next week. Continue reading Random Thoughts: Feeling young in Old Europe
Treasury program spurs price — Price of ANAN rocketed to hit a one month high after the company announced plans to repurchase 333.30mn shares (10% of total shares). The total value of the repurchase scheme is estimated to be Bt500mn. Management is confident that earnings will exceed market expectations, and promised dividend will start next year. (Khao Hoon, 18/09/13)
Comment: Wow! But the company still has some ways to go.
Court rules in favor of BECL — The Administrative ruled in favor of BECL, ordering the Expressway Authority of Thailand to pay Bt5bn to BECL as part of the earnings from tolls from 1992 to 1993 to BECL. EXAT has until October 13 to appeal the decision. (Khao Hoon, 18/09/13)